2024 401k Contribution Max Over 50. The 401 (k) compensation limit is $345,000. You can contribute to more than one.
The 401 (k) contribution limits for 2024 are $23,000 for individuals under 50, and $30,500 for those 50 and older. As of 2023, individual employees have a 401 (k) contribution limit of $22,500, allowing them to contribute this amount annually to their 401 (k) account on a.
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